The company is due to pay €225.6 million of a foreign currency convertible bond (FCCB) in June. Recent speculation has suggested Suzlon may try to do this through the sale of subsidiary Repower.
The raising of bonds is one of a two other strategies Suzlon has for repaying the loan. One is through the sale of non-critical assets such as wind farms. The other is through generating cash through the company performance, including from subsidiary Repower.
Speaking about the move, Kirti Vagadia CFO said: "We are working aggressively on our plans to manage our near-term repayment obligations and remain very confident of meeting them.
"We have excellent business visibility, backed by a record order book, secure long-term OMS revenues, and almost no leverage on our international assets. Our lenders are fully supportive and we are also working with large international banks on meaningful debt raising options, including high-yield bonds in the US$300 million to US$500 million range."
Last month, there were reports Alstom was looking at acquiring Repower for €1.5 billion. Financial Times Deutschland said Suzlon was considering selling the subsidiary to the balance the books.
Neither company would respond to the reports other than the say it was speculation.